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Strategic alliances between foreign-owned firms and local firms: The role of partner and industry types

Lookup NU author(s): Dr Jungho KimORCiD

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Abstract

This article investigates how a firm’s foreign equity share affects its likelihood of strategic alliances with local firms, discussing the benefits and costs of such strategic alliances. Analysing a panel dataset of Korean firms, we find the inverted U-shaped relationship between foreign equity share and the likelihood of alliance involvement. We also find that the relationship depends on the types of alliance partner and industry. This relationship is relatively steeper when the foreign-owned firm collaborates with a local firm in a different industry. The negative effect of foreign equity share on the likelihood of strategic alliances dominates in high-technology industries.

Publication metadata

Author(s): Cho Y, Kim J

Publication type: Article

Publication status: Published

Journal: Global Economic Review

Year: 2022

Volume: 51

Issue: 4

Pages: 355-376

Print publication date: 02/10/2022

Online publication date: 09/12/2022

Acceptance date: 02/07/2022

ISSN (print): 1226-508X

ISSN (electronic): 1744-3873

Publisher: Taylor and Francis Group

URL: https://doi.org/10.1080/1226508X.2022.2151029

DOI: 10.1080/1226508X.2022.2151029

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